Steve Horn Posts

They seemed in a rush to get to the “Leadership Luncheon” put on by the Trump Inaugural Committee, the latter funded by major corporate sponsors, including Chevron, J.P. Morgan Chase, Bank of America, and others.

"Election night changed everything. We're going through a transition where we will have a new President of the United States. And he gets it. We fully expect as soon as he is inaugurated his team is going to move to get the final approvals done and DAPL will cross the lake."

Peabody Energy (BTU), the top miner of coal in the world, may soon file for Chapter 11 bankruptcy. The news comes as Peabody's stock closed Wednesday at a six-month low of $2.19 per share — a 46-percent fall. Peabody noted its potential bankruptcy in the company's March 16 U.S. Securities and Exchange Commission (SEC) Form 10-K.

Peabody Energy (BTU), the top miner of coal in the world, may soon file for Chapter 11 bankruptcy. The news comes as Peabody's stock closed Wednesday at a six-month low of $2.19 per share — a 46-percent fall. Peabody noted its potential bankruptcy in the company's March 16 U.S. Securities and Exchange Commission (SEC) Form 10-K.

Two recent studies further call into question the oil and gas industry's claims of the climate benefits and community benefits of hydraulic fracturing (“fracking”). One of those studies, published in Environmental Research Letters and titled, “Just fracking: a distributive environmental justice analysis of unconventional gas development in Pennsylvania, USA,” concludes that “the income distribution of the population nearer to shale gas wells has not been transformed since shale gas development.”

Two recent studies further call into question the oil and gas industry's claims of the climate benefits and community benefits of hydraulic fracturing (“fracking”). One of those studies, published in Environmental Research Letters and titled, “Just fracking: a distributive environmental justice analysis of unconventional gas development in Pennsylvania, USA,” concludes that “the income distribution of the population nearer to shale gas wells has not been transformed since shale gas development.”

On February 9, just days before the death of Supreme Court Justice Antonin Scalia, the U.S. Supreme Court granted a stay freezing President Barack Obama's Clean Power Plan (CPP). While many articles have speculated on what Scalia's death means as it relates to the future of the CPP — and the Court's voting balance tipping from a 5-4 conservative majority to a potential 5-4 liberal majority — there's been less attention paid to the corporate-funded network that launched a slew of lawsuits against the government to add legal muscle to the state Attorneys General attacks on the CPP.

Proponents of lifting the U.S. crude oil export ban trumpeted the rhetorical question that since U.S. geopolitical rival Iran can export its oil, why can't the United States? But now that “liquid freedom” has begun to flow from American export terminals to the global market, it turns out the same company that exported the first batch of U.S. crude oil to the global market is now also exporting Iranian oil products. That company, the Switzerland-based Vitol Group, was profiled in an investigative piece on DeSmog late last year.

As the February 1 Iowa Caucuses loom, the Hawkeye State sits as the proverbial last man standing in the decision whether to grant pipeline giant Energy Transfer Partners (ETP) a permit for its Dakota Access pipeline. Slated to carry upwards of 570,000 barrels per day of oil obtained via hydraulic fracturing (“fracking”) from North Dakota's Bakken Shale basin, the pipeline would cut diagonally across Iowa. In recent weeks, ETP has obtained necessary permits from North Dakota, South Dakota and Illinois.

Though he retired as Chesapeake Energy's CEO back in 2013 in the aftermath of a shareholder revolt, McClendon wasted little time in creating a new company called American Energy Partners (AEP). AEP, like Chesapeake, has found itself mired since its onset in legal snafus over its treatment of landowners. With AEP not getting a red carpet roll-out in the U.S., McClendon has looked southward for other lucrative business adventures.

Though he retired as Chesapeake Energy's CEO back in 2013 in the aftermath of a shareholder revolt, McClendon wasted little time in creating a new company called American Energy Partners (AEP). AEP, like Chesapeake, has found itself mired since its onset in legal snafus over its treatment of landowners. With AEP not getting a red carpet roll-out in the U.S., McClendon has looked southward for other lucrative business adventures.

The shenanigans of the “Kochtopus” have garnered most of the headlines — including here — pertaining to reviews of New Yorker staff writer Jane Mayer's new book, Dark Money. But the Koch Brothers and Koch Industries' right-wing family foundation network are far from the only big money influencers featured in the must-read book which has jumped to #4 on the Best Sellers list at Amazon.com

The ongoing push to lift the ban on exports of U.S.-produced crude oil has come to a close, with Congress agreeing to a budget deal ending the decades-old embargo. Just as the turn from 2014 to 2015 saw the Obama Administration allow oil condensate exports, it appears that history has repeated itself this year for crude oil. Industry lobbyists, a review of lobbying disclosure records by DeSmog reveals, have worked overtime to pressure Washington to end the 40-year export ban — which will create a global warming pollution spree.

A new joint investigative report by Oil Change International and the Overseas Development Institute reveals that, in the United States alone, the fossil fuel industry has benefited from over $20 billion per year in government subsidies between 2008-2015. The percentage of subsidies has skyrocketed during the two terms of the Obama Administration, growing by 35 percent since President Barack Obama took office in 2009. The findings are part of a broader report on subsidies given to G20 countries ahead of the forthcoming G20 Leaders Summit in Antalya, Turkey, set to take place November 15-16.

A new joint investigative report by Oil Change International and the Overseas Development Institute reveals that, in the United States alone, the fossil fuel industry has benefited from over $20 billion per year in government subsidies between 2008-2015. The percentage of subsidies has skyrocketed during the two terms of the Obama Administration, growing by 35 percent since President Barack Obama took office in 2009. The findings are part of a broader report on subsidies given to G20 countries ahead of the forthcoming G20 Leaders Summit in Antalya, Turkey, set to take place November 15-16.

The American Petroleum Institute (API) has launched a new advertising campaign in its ongoing push to oust the U.S. oil exports ban in place since 1975. One of the most recent ads, titled “Crude Oil Exports and National Security” on YouTube, starts off with ominous music and asks, “Who loves the ban on U.S.crude oil exports?” The answer, says API, is “Iran and Russia, not exactly our best friends.” Not mentioned: both countries currently maintain business ties with API's dues-paying members.

Boulder Weekly, a Boulder, Colorado alternative weekly newspaper, has published a 10,000 word ”frackademia” investigation in a special edition of the newspaper. The long-form investigation by Joel Dyer — based on thousands of documents obtained by Greenpeace USA — exposes the ongoing partnership between the University of Colorado-Boulder's Leeds School of Business and the Common Sense Policy Roundtable (CSPR), the latter an oil and gas industry front group.